Bengaluru, April 10th, 2018 – Loadshare Networks, India’s fastest growing express logistics network, has raised a Series A investment from Stellaris Venture Partners and existing investor Matrix Partners. The company will use the capital to strengthen its core leadership team, expand geographies, and further invest in its logistics technology platform.
Loadshare connects small and medium enterprises (SME) in logistics with technology, operations know-how to create an asset light logistics network. It offers services ranging from first mile, line-haul, last mile deliveries and modular logistics software solutions to partners.
“Our mission is to help SME logistics partners grow, while delivering great service levels, lowest cost and reach to our customers. It’s heartening to see many of our partners grow 10X and more in a short span of time, even in the logistically underserved parts of India. We intend to expand into B2B segment in addition to scaling up B2C” said Raghuram Talluri, CEO, Loadshare.
“Loadshare is a unique opportunity to create an assetless business in a massive, highly fragmented, inefficient and a capital-intensive industry. We believe the company is well positioned to integrate logistics service providers (which have excess capacity but don’t have access to larger shippers) to build a high quality and low-cost delivery network, flexibly orchestrated through software. We are very excited to partner with Raghu and his team. Their diverse experience and deep understanding of the logistics industry has consistently been reflected in their strong execution.” said Alok Goyal, Partner, Stellaris Venture Partners.
As a part of the transaction Goyal will join the company’s board.
“We’ve been privileged to partner with Raghu and his co-founders at a seed stage. Their approach helping logistics entrepreneurs to grow their business is differentiated and scalable. We believe in their vision for a technology enabled asset-light logistics network and welcome Stellaris to the Loadshare partnership” said Rajinder Balaraman, Vice President, Matrix India.
Loadshare was founded in 2017 by Raghu Talluri, Tanmoy Karmakar, Rakib Ahmed and Pramod Nair, who have had strong experience in supply chain and technology. Loadshare is one of India’s fastest growing logistics companies with an express logistics network covering more than 3500 pin codes across North East & East India, all 4 South Indian states, Rajasthan, U.P and key metros. Our mission is to offer best-in-class industry solution by enabling the small and medium enterprises (SME) in logistics with technology, operations know how and a pan-India network. Loadshare offers extensive services ranging from first mile, line-haul, last mile deliveries and modular logistics software solution to partners.To learn more about Loadshare, visit http://www.loadshare.net
About Stellaris Venture Partners
Stellaris is an early stage venture capital firm that invests in seed and series A rounds of Indian technology companies. We back businesses that solve large India-specific problems for consumers and SMBs, or build global software products in India. Our key investment areas include online services, tech-enabled financial services and healthcare, supply chain networks, vertical machine-learning applications and SaaS. For more information on Stellaris Venture Partners, visit http://www.stellarisvp.com
About Matrix Partners India:
Matrix Partners India is an investment firm with INR 4,500 crore under management. The firm invests in companies targeting the Indian consumer and enterprise market at the seed, early and early growth stages. Matrix India has invested in several market leading companies such as Ola (local transportation), Quikr (online classifieds), Practo (digital health platform), Dailyhunt (mobile local language platform), Treebo (digital hotel chain), Mswipe (mobile POS), Five Star Finance (SME lending), Razorpay (payments), OfBusiness (credit led B2B marketplace), CreditVidya (Fin-tech SaaS) and ZipLoan (small business lending) among others. Matrix Partners has a global network of funds investing in the US, China and India with US $4 billion under management. Further information is available at www.matrixpartners.in